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    MCX gets Sebi nod for gold mini options

    Synopsis

    The commodity derivatives market has warmed up further with MCX launching Gold Mini Option.

    gold-getty-2Getty Images
    The option agreement terms list details such as the quantity, delivery date and strike price, which are all predetermined.
    Multi Commodity Exchange of India (MCX) has received approval from Sebi for launch of gold mini option with gold mini (100 gm) as underlying, according to a release issued by the exchange on Monday.

    A gold option is a derivative with gold as the underlying asset. The gold options contract is a contract between two parties to facilitate a potential transaction on a quantity of gold. In this option, a gold futures agreement would be the underlying asset securing the investment. The option agreement terms list details such as the quantity, delivery date and strike price, which are all predetermined.

    The commodity derivatives market has warmed up further with MCX launching Gold Mini Option. Both BSE and NSE had launched options on gold mini last month. NSE had launched options on gold mini on June 8 , while BSE had launched it on June 1.

    Gold mini option August 2020, September 2020 and October 2020 contracts will be available for trading from July 10, said MCX in the release. The maximum single order size shall be 100 lots.



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    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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